Your PM will be able to help you manage everything from leasing, regular maintenance to bigger ticket items like replacing your roof and managing tenants.

Inspections--house, termite, possibly separate roof and structural8. 

As everyone should see from the above posts, investing in real estate, especially foreclosure and tax sales, REQUIRES a working knowledge of legal aspects that can possibly affect the purchase.  

What aspect of real estate are you digging into?

Once that phase is complete, I’d transition back into long-term holds.As for the cash-out refi, without at least doubling the rent, I’d be in a net-negative position each month, which doesn’t seem like a worthwhile trade-off.On the tenant side, I agree with your point about the business aspect—it’s something I’m working on coming to terms with.

Focus on the human aspect as well as the legal side.Have you tried connecting with local landlord associations or zoning consultants in Denver?

@Albert Hepp the flawed logic your using to state there must be some conspiratorial aspect to commissions because commissions are all but uniformed over 2%.....We can apply that exact flawed logic to Apples at grocery stores and say since apples, at every grocery store are uniformed at a price over $0.10 a piece, it "must be a conspiracy"........Take off the tinfoil hat. 

That adjustment helped him plan better for future deals.Lastly, don’t underestimate the psychological aspect of leveraging retirement funds.

I purchased a Home in SC as a second home and the taxes are through the roof.  

It's not as if I allow my tenants to violate all aspects of their lease agreement.